-The Slope of the Line Shown in the Above Figure

question 114

Multiple Choice

-The slope of the line shown in the above figure is

• A) -1 1/3.
• B) -1 2/3.
• C) -1.25.
• D) -0.80.
• E) 5.

---

Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Price Level

An index reflecting the overall cost of commodities and services within an economy during a particular period.

Short-Run Aggregate Supply Curve

A curve that represents the relationship between the total production of goods and services and the price level for output in the short-run.

Price Level

A measure of the average prices of goods and services in the economy.